Author: Steven Sahiounie

A European-American working group reported that the United States and the European Union intend to maintain high levels of US LNG supplies to Europe. The group said in a joint statement that the US-EU Working Group on Energy Security agreed to continue working to maintain high levels of US LNG supplies to Europe in 2023. According to the joint statement, the group described its priorities for 2023 as the continuous assessment of LNG markets, the supply of at least 50 billion cubic meters of US gas to Europe, the reduction of methane emissions, and the provision of energy. “In the…

Russian Deputy Prime Minister Alexander Novak stated that the Ministerial Monitoring Committee of “OPEC +” agreed to the additional reduction in oil production announced yesterday by countries in the group, considering that this is an important measure. Novak said in a television interview today, commenting on the decision of countries in “OPEC +” to implement a voluntary cut starting next month: “I would especially like to point out that this is an additional voluntary cut, and this cut comes in addition to the measures that were taken in October of the year.” The past has cut production by two million…

Standard & Poor’s (S&P) affirmed Turkey’s long-term sovereign credit rating at “B”, while adjusting its outlook to negative from stable. The agency said in a statement, “The high Turkish current account deficit, limited usable reserves and high inflation make the outlook for the exchange rate vague.” According to the agency, Turkey’s GDP will grow at the end of the year by just over 2%, compared to an increase of 5.6% last year. The agency also expects inflation in the country to remain high at 45% (average) this year. She indicated that Turkey’s credit rating may be downgraded if pressure increases on…

The President of Banque Misr and the President of the Federation of Egyptian Banks, Mohamed El-Etribi, said that Banque Misr and Al-Ahly Bank offered two certificates for a period of 3 years, one with an interest of 19% per month, and the other with a decreasing interest of 22%. He confirmed that the proceeds of Banque Misr in issuing the new certificates on the first day amounted to 19 billion pounds. Al-Etribi explained, during a phone call to the Al-Hekaya program broadcast on MBC Egypt, and presented by the journalist Amr Adeeb, that a certificate of diminishing interest was offered…

A representative of the National Security Council at the White House stated that the US administration intends to interact with energy producers and consumers in order to influence the market, after a number of countries announced a reduction in oil production. “We don’t think a [production] cut is desirable now, given the uncertainty in the market,” he was quoted as saying by Reuters. The representative emphasized that the US authorities are “focusing on prices for American consumers” and noted that gasoline prices in the country have fallen significantly over the past year. “We will continue to work with all producers…

Oil prices jumped today, Monday, by about 5%, after Saudi Arabia and other oil producers in the “OPEC +” group announced a sudden voluntary cut in crude production. And by 09:20 Moscow time, US crude futures rose by 4.85% to $79.34 a barrel, while Brent crude futures rose by 5.02% to $83.90 a barrel, according to Bloomberg agency data. Saudi Arabia led a coordinated reduction in daily production in a number of major oil countries, despite pressure from the United States to increase production. And Saudi Arabia, the Emirates, Kuwait, the Sultanate of Oman and Algeria decided, in a coordinated…

Some airlines in Middle Eastern countries have begun to accept payments by Russian bank cards that operate with the “Visa” and “MasterCard” systems, which withdrew from Russia in light of the Western sanctions that were imposed. Regarding the method of paying with these cards, the newspaper “Izvestia” said that the airlines Air Arabia and Fly Dubai propose to pay the price of the ticket via a link to the express payment system. The newspaper indicated that the buyer must first make a reservation on the official website of the company, and then contact the support service in order to send…

Egypt’s ambassador to the Senegalese capital, Dakar, Khaled Aref, said that the Ministry of Agriculture in Senegal praised the Egyptian wheat seeds and their productivity, after it tested them within the framework of the existing cooperation between the two countries. The Egyptian ambassador confirmed that the Senegalese side used wheat seeds “Bani Suef 5”, “Misr 1” and “Misr 2”, which were developed at the Agricultural Research Center in Egypt. He explained that cooperation between the two countries in this field opens new horizons for developing relations and doubling the volume of trade exchange with Egypt, as the Senegalese side praised…

Talks have started between Syrian delegation, headed by Dr. Ayman Sousan, Assistant Foreign and Expatriates Minister, and Russian Special Presidential Representative for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov, at the headquarters of the Russian Foreign Ministry in Moscow. Source: SANA

Presidential spokesman Nabil Abu Rudeineh condemned the crime committed by the Israeli occupation forces in the city of Nablus, which resulted in the killing of two young men, Mohammad Junaidi Abu Bakr and Muhammad Nasser Said al-Hallaq. Abu Rudeineh said that the continuation of the Israeli occupation authorities’ unilateral measures of settlement, killings and incursions into the blessed Aqsa Mosque confirm that they are striving to escalate the situation, tense the atmosphere and drag the region into a spiral of violence and instability. The official Presidency spokesman warned against the continuation of settler incursions into Al-Aqsa Mosque and attacks on Muslim…